Sudarshan Sukhani of s2analytics.com suggests selling Bharti Infratel with stop loss at Rs 270 and target of Rs 261, IRB Infra with stop loss at Rs 178 and target of Rs 168 and Jet Airways with stop loss at Rs 270 and target of Rs 255.

Bulls failed to regain control over D-Street as Nifty slipped below crucial moving average such as 5-day exponential moving average (EMA), 20-EMA, as well as 13-EMA in a single day and made a ‘Bearish Belt Hold’ kind of pattern on daily charts on Monday.

The index slipped below crucial short-term moving average and the next crucial support is now placed at 11,250 which was the swing low formed on 12 September. On the other hand, for bulls to take control, Nifty has to reclaim 11,520 levels.

The Nifty opened at 11,464 and slipped below 11,400 to touch its intraday low of 11,366 before closing the day at 11,377 down 137 points.

According to Pivot charts, the key support level is placed at 11,341.47, followed by 11,305.13. If the index starts moving upwards, key resistance levels to watch out are 11,439.57 and 11,501.33.

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The Nifty Bank index closed at 26,820.3. The important Pivot level, which will act as crucial support for the index, is placed at 26,708.26, followed by 26,596.23. On the upside, key resistance levels are placed at 26,967.46, followed by 27,114.63.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

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